What kind of life insurance?
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What kind of life insurance is right for you?
There are two main types of life insurance: term and whole life.
Term pays a death benefit to your beneficiaries upon your passing.
This type of coverage can offer low initial premiums, but the coverage only lasts for a specified amount of time —like 10, 20, or 30 years — and can end while you are still living.
Whole life insurance provides coverage for your whole life.
And, it includes benefits term doesn’t — like cash value that can help pay for education expenses, fund your retirement, or provide a gift to family or charity.
Given the unique benefits and cost of each type of insurance, many people believe term and whole life can be better together, providing comprehensive protection for all of your tomorrows.
Speak with your financial professional to learn more about the right coverage for you.